Birdwatch Note Rating
2023-05-11 11:48:49 UTC - HELPFUL
Rated by Participant: 3C5E5D86F931693006F7C912B92863F721A7AFB7FDAD89B092CEFE8CEEDE2B6C
Participant Details
Original Note:
Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency. When investors sell virtual currency they must pay tax on any capital gain. There is no evidence of “Loopholes” to avoid this. https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
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